PPPAC approves four port projects

The Public Private Partnership Appraisal Committee (PPPAC) has approved four port expansion projects involving an estimated investment of Rs 4,120.29 crore in three states. The first project involves development of a mega container terminal at the Chennai Port at an estimated cost of Rs 3,125 crore. The second is a Rs 387.31 crore project to develop a multi-purpose berth at the Paradip Port in Orissa to handle clean cargo. The third project comprises development of the second North Cargo Berth at the Tuticorin Port in Tamil Nadu for handling bulk cargo at a cost of Rs 332.16 crore. PPPAC also approved the development of container terminal at the New Mangalore Port in Karnataka, at an estimated cost of Rs 275.82 crore. Contact: The Public Private Partnership Appraisal Committee. Website: www.pppinindia.com